Godrej Consumer Products rose 8.81% to Rs 1,913 at 15:27 IST on BSE after consolidated net profit rose 212.33% to Rs 389.91 crore on 11.85% increase in net sales to Rs 2380.49 crore in Q4 March 2017 over Q4 March 2016.
The result was announced during trading hours today, 9 May 2017.Meanwhile, the S&P BSE Sensex was up 8.24 points, or 0.03% to 29,934.39.
On the BSE, 2.08 lakh shares were traded in the counter so far, compared with average daily volumes of 10,236 shares in the past one quarter. The stock had hit a high of Rs 1,956.20 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 1,761.55 so far during the day. The stock hit a 52-week low of Rs 1,285.55 on 15 November 2016.
The stock had outperformed the market over the past one month till 8 May 2017, rising 3.53% compared with 0.74% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.52% as against Sensex's 5.61% rise.
The large-cap FMCG company has equity capital of Rs 34.06 crore. Face value per share is Re 1.
Consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) rose 21% to Rs 551 crore in Q4 March 2017 over Q4 March 2016.
Godrej Consumer Products said that its board approved issuing one bonus equity share of Re 1 each for every one fully paid-up equity share held (1:1).
Godrej Consumer Products is a leading FMCG company. The company is building a presence in 3 emerging markets (Asia, Africa, Latin America) across 3 categories (home care, personal wash, hair care). It ranks among the largest household insecticide and hair care players in emerging markets.
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